European Union
Environment Issues
Economic systems
Vocabulary
Benefits and Barriers to Trade
100
currency most likely used in the European Union
What is the euro
100
Contributes to acid rain, global warming, and illnesses.
What is air pollution
100
Based on customs and traditions.
What is Traditional economy
100
People who work
What is human capital
100
A tax on imported goods.
What is a tariff
200
Most current EU members are found in this part of Europe.
What is the East
200
caused by the emissions from factories and manufacuring centers. Also causes damage to vegetation, kills aquatic life and contaminates drinking water.
What is acid rain
200
The government decides what goods are made and how they are distributed.
What is Command economy
200
Goods or equipment used by business to produce other goods.
What is Capital goods
200
A number limit set on imported goods.
What is a quota
300
The number of countries currently in the European Union
What is 27
300
Nuclear reactor explosion in the Ukraine.
What is Chernobyl
300
People are free to exchange goods and services, without government control.
What is Market economy
300
Water, minerals, soil, wind, oil.
What is Natural resources
300
The money people use to make trade easier.
What is currency
400
A group of nations that have joined forces to solve common problems.
What is the European Union
400
A big problem for Europe. Communist countries dumped chemicals, factory waste, and sewage creating this problem.
What is water pollution
400
Cuba's economy
What is Command economy
400
A person who takes on the risk and possible rewards of operating a new business.
What is an entrepreneur
400
It costs more to do business because banks charge fees for exchanges.
What is the problem with exchanging currency?
500
A nation that belongs to the EU but uses its own currency
What is the U.K.
500
336,000 people were evacuated and resettled due to the radioactive fallout from this disaster.
What is Chernobyl
500
Canada and Mexico have this economy!
What is Free market economy
500
The total value of all goods and services produced in a country in one year.
What is Gross Domestic Product
500
A government order stopping trade with another country.
What is an embargo?
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